Operations Fund II

Technology Infrastructure


The fund that runs the platform’s core technology infrastructure — the systems, integrations, and data backbone every service line depends on.

$0.950B
Committed Capital
N/A
Net IRR Target
8 yr
Fund Term
Technology
Strategy
Strategy

Investment thesis

UpManagement Operations Fund II capitalizes the shared technology infrastructure that carries the whole platform: core hosting and security, data and reporting warehouses, systems integration between acquired tools, and the engineering team that keeps them running. Where Fund VIII invests in PropTech products, Operations Fund II operates the plumbing that lets those products run reliably at scale across every managed asset. This fund does not carry an IRR target; it is measured on uptime, integration coverage, and data integrity.

Terms

Fund architecture

VehicleDelaware Limited Partnership
Term8 years (+ two 1-year extensions)
Preferred return8% preferred return
Carried interest20% carried interest above preferred
WaterfallAmerican waterfall with GP clawback
Minimum LP$1,000,000
AuditorPricewaterhouseCoopers LLP
Legal counselLePore Law Group
Target assets

Where this fund concentrates

  • Core hosting, security, and platform reliability
  • Data warehouse and reporting infrastructure
  • Systems integration across acquired PropTech tools
  • Engineering, DevOps, and information-security teams
Operating discipline

The numbers we run to

Every managed property is held to weekly operating metrics. These are the disciplines that distinguish an institutional operator from a passive fee collector.

Platform uptime

Availability of core managed systems

Integration coverage

Tools connected to the data backbone

Data integrity

Reporting accuracy and reconciliation

Security posture

Controls and incident performance

Property management is the most undervalued operating layer in real estate. Run it like the business it is.
Alexandra Pohl, Founder and CEO

Speak with our investor relations team

For fund materials, capital account information, and partnership inquiries, reach UpManagement directly.

Contact Investor Relations